Today I worked till 4am to finish the latest URPD details. I am so tired. Is it easy to hand in homework every day? I told my friends yesterday that the price performance on weekends does not represent the real sustainability. We still need to see the changes after the opening of the US stock market on Monday. The price changes on weekends are mainly caused by the low liquidity, especially this week. After a weekend, whether American investors have digested the negative news last week will give us clear information on Monday.
To put it simply, I never think that the rise and fall on weekends represents the rise and fall on weekdays. We have been talking about this for almost three years, so many friends say that the weekend is the beginning of the copycat season. I don’t agree with this. It is only possible if the price can continue to rise on Monday.
In addition, judging from the current data, the FOMO sentiment of American investors is likely to have been cooled down. For the time being, we can see that it is fluctuating between US$87,000 and US$91,000. It is hard to say whether this position can form a new bottom, but there has never been a gap in the#BTCprice in history. However, from the URPD data, it can be clearly seen that the holdings at the three positions of US$77,000, US$78,000 and US$82,500 are almost invisible. This imagination has appeared before, but was later "filled".
I still want to emphasize that I am not bearish. Just like the gap in CME, it exists in reality, and there has never been a case in the history of URPD where it was not filled. But no one knows when it will be filled. Maybe it will be tomorrow, maybe the day after tomorrow, maybe a year later. Who knows?
The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
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